Hi,
I have a question there is a investment plan from insurance co.
i.e. invest 3600.00 per year for 10 years, and returns is 17% (612.00). This is guaranteed for 10 years. the next 10 years, return is 33% (1188.00) per year.

End of 20th year the investment of 36000.00 returned.

Q: is this better than FD investment or I am missing something here?
Advice is appreciated.

Thanks

Hi All,
Sincerely would like to thank all the forumer's for your advise.

Q: Too good to be true.
A: From the advises, it does't look like a good plan, better to put in FD (compounded int) will give better returns.
Also as pointed out the effective rate is roughly around 3.57%

Q: In 11th year, you already invested 36,000. Is 1,188 still 33% of 36,000?
A: Yes, from 11th to 20th you get a fixed amt 1188.00

FYI:Best to re-post your question here, Insurance Talk V4
A: Apologies, next time will do that. Some of the replies here have answered my question. Not sure if I will get different answers.

Once again thanks for valuable replies.

Hi,
I was over at HongLeong at during lunch time, this is over the counter FD. Details on the attachment.

Thanks


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CIMB has a 4.1% rate for 12 months and 3.9% rate for 6 months for FD. Minimum 10K

They have this WOW Wednesday, whereby they give you an umbrella if deposit > 50K. Also serve mineral water and curry puffs.

Regards